MUMBAI: Erasing its initial losses, rupee today closed two paise higher at 59.66 against the dollar on some strength in local equities and selling of the US currency by exporters.
A weak dollar overseas also helped the rupee to land in positive terrain at the end while FII outflows of about Rs 1,285 crore capped the rise, forex traders said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed better at 59.64 a dollar from overnight close of 59.68, also its all-time closing low.
A weak dollar overseas also helped the rupee to land in positive terrain at the end while FII outflows of about Rs 1,285 crore capped the rise, forex traders said.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed better at 59.64 a dollar from overnight close of 59.68, also its all-time closing low.
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